When Federal Reserve officials meet this week, they are expected to clear the way for a July interest rate cut by downgrading their economic forecast, tweaking the language in their statement and reducing their interest rate forecasts. The Fed is expected to remove the word “patient” from its statement, signaling that it is ready to […] Read more
President Donald Trump appears to downplay expectations about a possible meeting with Xi Jinping at the G-20 summit later this month, saying “it doesn’t matter” if the Chinese president shows up or not. “If he shows up, good, if he doesn’t – in the meantime, we’re taking in billions of dollars a month [in tariffs] […] Read more
French Finance and Economy Minister Bruno Le Maire has said the country has a strategy to reinforce a fragile alliance between Renault and Nissan. “What is at the heart of this strategy is the reinforcement of the alliance between Renault and Nissan” Le Maire told CNBC on Sunday. “Then we will see if consolidation is […] Read more
“We advise the U.S. side not to underestimate the Chinese side’s ability to safeguard its development rights and interests. Don’t say we didn’t warn you!” the People’s Daily said in a commentary titled “United States, don’t underestimate China’s ability to strike back.” The phrase “Don’t say we didn’t warn you” has been used by the […] Read more
British Prime Minister Theresa May is once more fighting for her political survival, after the resignation of one of her most senior cabinet ministers in protest against her Brexit strategy. The leader of the House of Commons Andrea Leadsom quit over May’s suggestion that MPs should have a vote on whether to hold a second […] Read more
Switzerland — one of the most heavily armed countries in Europe — voted to comply with stricter European Union gun laws in a referendum Sunday. While Switzerland doesn’t belong to the EU, it is part of the bloc’s Schengen Area which is a zone that can be visited without a visa or passport by citizens […] Read more
Angela Merkel vows to create a plan to make Germany CO2 neutral by 2050 write Reuters. Addressing a session of the Petersburg Climate Dialogue in Berlin on Tuesday Merkel proposed “that we have a discussion in the climate cabinet about how we could reach the goal of being CO2 neutral by 2050”. The German Chancellor […] Read more
“By the way, you see the tariffs we’re doing? Because they broke the deal. They broke the deal,” Trump said Wednesday. “So they’re flying in, the vice premier tomorrow is flying in — good man — but they broke the deal. They can’t do that, so they’ll be paying.” Trump added that the United States […] Read more
Turkey’s main opposition on Monday accused authorities of “plain dictatorship” after officials ordered a re-run of elections in Istanbul where President Recep Tayyip Erdogan’s party suffered a surprise defeat. CHP Deputy Chairman Onursal Adiguzel said it appeared “illegal” to defeat Erdogan’s AK Party after an election panel annulled the March 31 result. “This system that […] Read more
Sen. Amy Klobuchar sat down with CNBC’s John Harwood to discuss the battle for the White House. Klobuchar is running in a crowded Democratic primary field for the right to face President Trump next year. Klobuchar argues that the American capitalist system needs “rebalancing” — and that more workers will unionize as economic inequality persists. […] Read more
